What does Prospect Capital Corporation do?
Prospect Capital Corporation is a leading publicly-traded Business Development Company (“BDC”). We make debt and equity investments in U.S. middle market businesses across a range of industries, and seek to deliver steady, attractive returns to our shareholders.
Is Prospect Capital a good stock?
Prospect Capital has received a consensus rating of Hold. The company’s average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
What type of company is Prospect Capital?
financial services company
About Prospect Capital Corporation Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle-market privately held companies. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
Who is the CEO of Prospect Capital?
John Francis Barry III
CHAIRMAN OF THE BOARD & CHIEF EXECUTIVE OFFICER John Francis Barry III is Chairman and Chief Executive Officer of Prospect Capital Management and Prospect Capital Corporation.
How does PSEC make money?
PSEC invests primarily in first-lien and second-lien senior loans and mezzanine debt, which in some cases include an equity component. PSEC also invests in other high income producing strategies including collateralized loan obligations (CLOs), marketplace lending, and multi-family real estate.
How Much Does Prospect Capital pay in dividends?
PSEC pays a dividend of $0.72 per share. PSEC’s annual dividend yield is 8%. Prospect Capital Corp’s dividend is higher than the US Asset Management industry average of 6.1%, and it is higher than the US market average of 4.33%.
Is Prospect Capital overvalued?
It shows you that Prospect Capital has a much lower valuation, based on its net asset value, then all the other business development companies in the industry group ……Prospect Capital’s long term shareholder value has declined …
| BCSF | |
| Share Price | $15.60 |
| P-NAV | 0.94 |
| NAV Discount | -6.0% |
Will Prospect Capital stock go up?
RSImin/max Values: [ 25 – 75 ] The Prospect Capital Corporation stock holds an RSI14 at 82 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI….Score 2.381.
| Beta | 0.64 |
|---|---|
| Next Dividend Date | Nov 24, 2021 |
Is psec dividend safe?
Prospect Capital’s dividend is the obvious reason why investors would choose to own the stock, so it is critical that the dividend is as safe as possible. As a BDC, Prospect Capital has no choice but to distribute essentially all of its taxable income to shareholders.
Is Prospect Capital a hedge fund?
Prospect Capital Corporation (NASDAQ:PSEC) was in 8 hedge funds’ portfolios at the end of the first quarter of 2020.
Who is John Barry?
John Barry is Chairman and Chief Executive Officer of Prospect Capital Corporation (PSEC) and of Prospect Capital Management (PCM). John is Chairman of PCM’s Investment Committee and has been an officer of PCM (and predecessors) since 1990.
Is PSEC a closed end fund?
PSEC is a publicly-traded closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. PSEC completed its initial public offering in 2004.